Tech Sector Impact
The $100-million BC Tech Fund will help B.C. tech companies access the early stage venture capital they need to grow and stay in B.C., help diversify the economy and create high-paying jobs for British Columbians.
Venture capital investments give companies the capacity they need to do research and development, patent technological innovations and scale their business in order to access global markets. Over the next 15 years, BC Tech Fund investments into B.C. companies will contribute to the growth and innovation of the tech sector, attract more investment to the province and create new jobs.
The BC Tech Fund is managed by Kensington Capital Partners, which will make all investment decisions. Kensington was selected based on its strong performance and experience, which includes a history of positive investments in B.C. As the BC Tech Fund manager, Kensington identifies potential companies for investment, performs due diligence on them, and provides support to help these companies grow and succeed.
How Businesses Can Access the BC Tech Fund
Venture capital is extremely competitive and all B.C. companies seeking A-round funding must go through Kensington’s due diligence process. To be considered, you must be a B.C.-based technology company engaged in life sciences/ health care, digital media, information communications technology (ICT) or clean technology.
- Positive revenues
- Sales to paying customers
- Seeking capital to help scale and grow the business
Start-up companies should connect with BC Innovation Council for more information on programs and resources that can help them build their business.
For more information on the BC Tech Fund please click here
To read the latest news about #BCTECH click here
To see the BC Tech Fund Proactive Release and Overview of Technical Documents, click here.